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Record Profits in the Time of Inflation

Page history last edited by CK 1 year, 4 months ago

Corporations are bragging about record high profits while Americans are paying more than ever.

It’s not inflation. It’s price gouging.
-https://twitter.com/NoLieWithBTC/status/1491885013033533451

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If you're posting record profits, inflation is NOT why you're raising your damn prices.
-https://twitter.com/joepasher/status/1492723732497981440

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False inflation based on corporations raising prices while making record profits. It's not a supply issue
-https://twitter.com/Liisu_A/status/1492217048469950466

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We have corporations making record profits at the same time that we have unusual inflation in retail prices. How curious!
-https://twitter.com/StrictlyChristo/status/1492244343687499777

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One wouldn’t expect companies to make record profits during an inflation…yet here we are.
-https://twitter.com/7Veritas4/status/1491894705310900227

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For the last several months, corporate executives have been loudly lamenting the rising cost of doing business due to supply-chain disruptions and labor shortages.

 

Indeed, inflation at levels not seen since the early 1990's has shown itself to be both larger and more persistent than almost anyone is comfortable with.

Roughly four out of five companies surveyed by the Richmond Federal Reserve reported hiking up prices for consumers to cover "at least some" of the input costs they were experiencing.

But those same execs have been a bit more discreet — apart from their quarterly earnings calls — about celebrating the record profit margins they've been able to achieve by not only passing costs on to customers, but by charging even more.

https://www.businessinsider.com/companies-pocket-largest-profits-in-70-years-amid-inflation-complaints-2021-12

 

Mirrored at the Nerve Center as "Inflation".

 

Categories: Across time, Class disparities, Double standards, Playing both sides, Selective outrage, Serious consequences, Trying to have it both ways

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